While officials have assured that any refund (sans interest) arising pursuant to the Vivad Se Vishwas Act would be granted within 'reasonable time', it would be good if the CBDT can provide clarity on the timing issue of such refund and adjustment against any tax payable under the Act.
The outlook for sugar mills was looking rosy at the start of 2020. A few months into the year, it's soured and not just because of the coronavirus pandemic
The inability of the current laws and systems to make the corrupt accountable only serves as encouragement to indulge in more and more violations.
It has reached the levels last seen during the global financial crisis
It’s remarkable that the monetary and fiscal stimulus measures announced haven’t been enough to dispel fear
One is really surprised how Yes Bank’s AT1 Bonds made way to retail investors. These bonds are highly complex instruments and even financial experts will struggle to explain the mechanics of the bond.
The lesson that national economic policy makers learnt nearly a century ago from the way Roosevelt steered the US economy out of the Great Depression was to spend liberally
We need to see how gold prices behaved during the global financial crisis
In 1958, the law commission recommended banning post-retirement government employment for Supreme Court judges because the government was a large litigant in the courts. Perhaps, we should reopen the old debate on this issue.
If the global economy is under threat due to the coronavirus outbreak, then the steel industry is sure to be affected. Strangely though, in this trying period it appears to be offering solace to some.
Rectification of inverted duty structure can become self-defeating if handsets turn costlier, impacting demand and growth
Five charts that illustrate the Indian government’s dismal record of spending on health
Despite the considerable progress, corporate India with 16 percent board representation of women in NIFTY 500 companies, remains behind the curve.
The shorts could be on account of creating a hedge position before selling huge quantities
Balance sheets must not determine the relevance of State-owned production facilities, especially if they are involved in producing medical supplies. This is because health is too valuable to be left to market forces of supply and demand.
The Supreme Court did not weigh on the right to receive foreign funding, but merely held that an organisation that is politically connected cannot be arbitrarily designated as a political organisation
A rate cut seems inevitable when the monetary policy committee meets to review rates on 31 March
China is using its sophisticated surveillance system to keep a tab on infected individuals and enforce quarantines
Considering all these sectoral losses and global supply chain disruptions, India’s ongoing GDP losses are estimated to be around $5-10 billion (0.15-0.35 percent of GDP).
The same medicine that was given to the market and economies in 2008 may not work for the current ailment.
The Nagas and most indigenous communities in the Northeast are unlikely to accept their demands being bulldozed all the time.
The government and businesses must brace for a longer and steeper pandemic-triggered hit than the single-quarter event as expected earlier
At the moment the Chinese approach seems to be working. It is attractive to countries with relatively low infection numbers, limited global economic integration and inadequate medical infrastructure.
The 3-year lock-in for 75percent of all existing shareholders may try to align the level playing field with new investors but it may have adverse side effects
Even if disobeying government’s health directives is made a criminal offense, it is highly unlikely that people will behave the way they are expected to in such an hour of crisis. This could force the government to take very hard decisions.
